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Funding Watch: Aermed, Zefo, LawRato, Active.ai, vClusive, Stasis Labs & more

funding-money

Company Name: Zefo
Amount raised: Rs 40 crore
Sector: Refurbished furniture and appliances portal
Date announced: 15th November 2016
Investors: Sequoia India, Beenext and Helion Ventures
What they will use the funding for: General operations
Source: ETtech

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Company Name: LawRato
Amount raised: Undisclosed amount
Sector: Online legal advice
Date announced: 16th November 2016
Investors: Indian Angel Network
What they will use the funding for: Development of its online platform and expansion of operations.
Source: Inc42

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Company Name: Active.ai
Amount raised: $3 million (approx. Rs 20 crore)
Sector: Fintech
Date announced: 14th November 2016
Investors: Kalaari Capital and IDG Ventures India
What they will use the funding for: Upgrading the product platform and expansion into Asia and North America.
Source: The Economic Times

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Company Name: vClusive
Amount raised: Rs 42.6 crore ($6.3 million)
Sector: Online mrket place for luxury brands
Date announced: 16th November 2016
Investors: Hunch Ventures
What they will use the funding for: Technology development, marketing and promotions
Source: Techcircle

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Company Name: Stasis Labs
Amount raised: $5 Mn
Sector: Healthcare
Date announced: 15th November 2016
Investors: RTP-Healthcare Ventures, Wonder Ventures, Techstars Ventures
What they will use the funding for: Expansion in the domestic market and the US market.
Source: Vccircle

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Company Name: ElasticRun
Amount raised: $2 Mn (INR 13.7 Cr)
Sector: Logistics
Date announced: 14th November 2016
Investors: Kalaari Capital and Norwest Venture Partners
What they will use the funding for:
Source: Inc42

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Company Name: Aermed
Amount raised: Undisclosed amount
Sector: Pharmacy
Date announced: 16th November 2016
Investors: Hitesh Windlass
What they will use the funding for: Customer acquisition, hiring, and back-end development
Source: Techcircle

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Company Name: PlaySimple
Amount raised: $4 million (nearly Rs 27 crore)
Sector: Mobile Gaming
Date announced: 15th November 2016
Investors: SAIF Partners and IDG Ventures India
What they will use the funding for: Developing new games, hiring, and marketing campaigns
Source: Techcircle

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Company Name: WorkIndia
Amount raised: Undisclosed
Sector: Online job portal
Date announced: 18th November 2016
Investors: Asuka Holdings.
What they will use the funding for: Developing new games, hiring, and marketing campaigns
Source: Techcircle

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Company Name: Pictor Imaging
Amount raised: Undisclosed
Sector: Artificial Intelligence
Date announced: 18th November 2016
Investors: Quarizon Consultancy Services
What they will use the funding for: Hiring, upgrading technology and marketing
Source: Inc42

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Company Name: No Broker
Amount raised: Undisclosed
Sector: Online home rental
Date announced: 15th November 2016
Investors: Vijay Shekhar Sharma
What they will use the funding for: General operations
Source: Techcircle

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